Glenmark Pharmaceuticals Ltd on Monday said it has acquired generic version of Acetylcysteine injection from Aspen Pharma USA Inc for an undisclosed sum and launched the same in the US market. The acquisition by...
Jindal Steel said to raise bid for Italian steelmaker to €4 billion
Jindal Steel raised its offer for a troubled Italian steelmaker to about €4 billion ($4.2 billion), seeking to outbid rivals from Azerbaijan, people familiar with the matter said. The Indian steelmaker’s latest proposal...
Adani Power rises 3% after securing approval to acquire former Anil Ambani-owned power firm
Shares of Adani Power climbed as much as 2.9% on Thursday to Rs 512.3 on the BSE after the company received a Letter of Intent (LoI) for the acquisition of Vidarbha Industries Power Ltd (VIPL), a thermal power company...
Airtel says in talks with Tatas to combine Tata Play with Bharti Telemedia
Bharti Airtel has said it’s in talks with the Tata Group to combine the latter’s direct-to-home business, housed under Tata Play, with Bharti Telemedia — a unit of the Sunil Mittal-led telecom operator. “Bharti Airtel...
InCred Finance acquires TruCap’s gold loans business
Non-banking finance company (NBFC) InCred Finance has acquired NBFC TruCap Finance’s gold loan business through a slump sale. In a stock exchange filing, TruCap said the total value of the deal will be about Rs 330...
Paloma Rheem Holdings gets CCI nod to acquire Fujitsu General for $1.6 billion
Fair trade regulator CCI has approved Paloma Rheem Holdings’ proposal to acquire Japanese air-conditioner maker Fujitsu General for USD 1.6 billion. Fujitsu General specialises in air conditioning solutions for...
Connekkt Media acquires Hollywood marketing agency Mob Scene
Connekkt Media, one of Asia’s fastest growing media and entertainment companies, has acquired Mob Scene, a premier Hollywood marketing agency known for marketing some of the biggest Hollywood blockbusters and franchises...
Blackstone-backed PAG mulls sale of $1.2 bn stake in Nuvama
Asian private equity firm PAG is considering options that may lead to a sale of its majority stake in Mumbai-listed Nuvama Wealth Management Ltd., according to people familiar with the matter. Blackstone Inc.-backed PAG...
Varun Beverages extends deadline for acquisition of Ghana-based SBC Beverages to March 31
Varun Beverages, PepsiCo’s largest franchise bottler, on Tuesday extended the deadline for completion of the acquisition of Ghana-based SBC Beverages for a month to March 31. On November 13, 2024, Varun Beverages...
KKR, Fountainvest and PAG among those eyeing Starbucks China stake, sources say
KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks’ China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its...
Axis Bank is said to weigh majority stake sale of $1 bn shadow bank unit
Axis Bank Ltd. is considering options for Axis Finance Ltd., including the possible sale of a majority stake in the shadow-bank unit, according to people familiar with the development. The private sector lender is...
Tata Play, Airtel Digital TV near merger plans as DTH industry struggles amid streaming boom
The Tata and Bharti groups are finalising a merger between their loss-making direct-to-home (DTH) businesses, Tata Play and Airtel Digital TV, respectively, said people with knowledge of the matter. This comes as Indian...
